How Ethereum Fundamentals Could Strengthen Against Bitcoin

[Cristiano]

Crypto markets are still indecisive with the bulls and bears battling it out, but the next few months could be very good for ethereum (ETH), according to one investor.

Crypto assets have bounced back into their range bound channel again today, following the bullish news out of El Salvador. Bitcoin (BTC) is still down 43% from its all-time high, however, and the market sentiment appears to have turned bearish overall.

Ethereum has not fared quite as badly with a 39% decline from its peak price to current levels which are around $2,580, according to CoinGecko. Usually, the rest of the crypto market plunges deeper than bitcoin during these heavy pullbacks.

Public markets and seed investor Daniel Cheung has lent some of his insights into ethereum’s fundamentals and why he thinks it could out-perform bitcoin, over the coming months.

“ETH and ETH-DeFi will have an unprecedented run over the coming months given: ETH could flip BTC soon based on strong fundamentals.”

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